Several other brokerages have also issued reports on FR. National Bankshares cut their price target on First Majestic Silver from C$18.00 to C$11.75 and set a sector perform rating on the stock in a research note on Thursday, July 21st. TD Securities dropped their price objective on First Majestic Silver from C$20.00 to C$12.00 and set a hold rating for the company in a report on Friday, May 13th. HC Wainwright reiterated a buy rating and issued a C$19.50 price objective on shares of First Majestic Silver in a report on Friday, May 13th. Finally, Cormark upped their price objective on First Majestic Silver from C$12.50 to C$14.25 in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of C$14.29.
First Majestic Silver Price Performance
Shares of FR stock opened at C$10.38 on Friday. The company has a debt-to-equity ratio of 15.45, a quick ratio of 1.68 and a current ratio of 2.24. The stock’s 50 day simple moving average is C$9.80 and its 200 day simple moving average is C$12.87. The company has a market capitalization of C$2.73 billion and a price-to-earnings ratio of 3,460.00. First Majestic Silver has a twelve month low of C$8.12 and a twelve month high of C$18.41.
Insiders Place Their Bets
In other news, Senior Officer Todd Olson Anthony acquired 5,000 shares of First Majestic Silver stock in a transaction dated Wednesday, May 18th. The stock was bought at an average cost of C$10.23 per share, with a total value of C$51,150.00. Following the completion of the transaction, the insider now directly owns 150,000 shares of the company’s stock, valued at C$1,534,500. Insiders acquired 38,500 shares of company stock worth $366,715 over the last ninety days.
About First Majestic Silver
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.
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